Oil and gas industry

From February 15 to 18, 2016, Paul Wurth participated through its newly created Paul Wurth Oil & Gas Division in the Middle East Technology Forum for Refining & Petrochemicals ME-TECH 2016 in Dubai and in the subsequent Russia & CIS Oil & Gas Executive Summit.

In spite of the low oil prices and the uncertainties in the region, the mood of the downstream oil & gas industry in this conference was definitely positive and forward-looking. Conversations with several high-ranking representatives of industry leaders like CB&I, AMEC Foster Wheeler, BECHTEL, SHELL Global Solutions, UOP Honeywell, ThyssenKrupp Industrial Solutions and LINDE resulted in supporting feedback to Paul Wurth’s future goals. The opportunity of having a powerful and long-term experienced alternative supplier for these niche market special valves was highly appreciated by these main players. Paul Wurth’s focus on local supply and service close to the customer was also noticed in a positive way.

It is estimated that over 40% of a budget that is allotted for facility and unit maintenance, is spent for equipment (pumps, valves etc.) and materials. One major goal of the oil & gas industry in the coming years is to maintain reliability and effectiveness, as well as to extend the lifetime of crucial pieces of equipment like valves.

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